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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Proton Motor Power Systems Plc | LSE:PPS | London | Ordinary Share | GB00BP83GZ24 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.45 | 2.30 | 2.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Elec Indl Apparatus, Nec | 2.09M | -18.9M | -0.0122 | -2.01 | 38.01M |
TIDMPPS
RNS Number : 8283U
Proton Power Systems PLC
27 November 2019
Proton Power Systems plc
("Proton" or the "Company")
Letter of intent
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, announces that further to the receipt of the order for EUR630K from APEX Energy Teterow GmbH ("APEX"), which was announced on 14 May 2019, it has signed a letter of intent ("LoI") with this customer. The LoI envisages concluding a frame agreement within a consortium, in order to provide 10 fuel cell containers with up to 150 kW fuel cell systems within a 2 year period commencing in 2020.
The LoI also includes the intention, at an appropriate timepoint in the future, to offer licensing agreements, whereby the licensees will produce Proton Fuel Cell containers with capacity of up to 500kW.
For further information:
Proton Power Systems plc Dr Faiz Nahab, CEO Helmut Gierse, Chairman Sebastian Goldner, COO/CTO Roman Kotlarzewski, CFO Tel: +49 (0) 173 189 Manfred Limbrunner, Director Sales 0923 and Marketing www.protonpowersystems.com Shore Capital Nominated adviser and broker Antonio Bossi / David Coaten Tel: +44 (0) 20 7408 4050 www.shorecap.co.uk
About Proton Motor Fuel Cell GmbH
Proton Motor has more than 20 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint. Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions. The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.
Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).
About APEX Energy Teterow GmbH
The APEX group, based in North Germany, specialises in the production and distribution of modular renewable energy storage solutions.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
November 27, 2019 03:55 ET (08:55 GMT)
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